Growing expectations of further radical rate cuts from the BOE are undermining the pound broadly this morning. Prices have fallen below 1.5200, which was being protected earlier by a US investment bank earlier and EUR/GBP trades in record territory above 0.8225.
EUR/USD retested session lows moments ago with the news of the Russian stock closure, dovish ECB comments and the cloud over the UK economy all upping risk aversion.
